This property looks like a bad Airbnb investment with a projected -34.36% first-year return on $438k initial cash invested.
-34.36%
Cash On Cash
-1.04%
Cap Rate
-0.16
DSCR
$2,438
Rent
-$12,537
Cashflow
Cash Flow
$2,438 income − $14,975 expenses = $12,537 out of pocket
Investment Breakdown
|
Purchase Price
$1999k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$438k
Downpayment
20%
$400k
Closing costs
1%
$19,990
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$2,438
Total Expenses
$14,975
Mortgage P&I
439%
$10,706
Property Taxes
98%
$2,397
Home Insurance
29%
$700
HOA
0%
$0
Property Management
15%
$366
CapEx
4%
$98
Vacancy
0%
$0
Maintenance
4%
$98
Other
25%
$610